Absorption Report


Absorption Report

The absorption rate is essentially the total number of months that it would take to sell all of the current listings in a particular market. These ratings are in a constant state of fluctuation, based on supply and demand, and usually involve all homes sold within the previous six-month period. A lower absorption rate means that the property will likely take a bit longer to sell, and conversely, a higher number indicates that the property is likely to sell much faster. Both buyers and sellers can use this data to help predict sales activity and home prices for the property in question. For example, if a homeowner lives in a market with an absorption rate of 5-months and is also anxious to sell due to a job transfer, then it might be in his or her best interest to be more aggressive in the listing price.

Seller's
Market
Balanced
Market
Buyer's
Market
< 5 months Inventory 5 months Inventory > 5 months Inventory

Houses 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
76k-100k 1 0.2 0
101k-125k 3 0.5 0
126k-150k 2 0.3 0
151k-175k 1 3 0.5 2
176k-200k 12 15 3 0.2 4.8
201k-225k 13 17 3 0.2 4.6
226k-250k 21 33 4 0.3 3.8
251k-275k 30 62 8 0.3 2.9
276k-300k 81 92 14 0.2 5.3
301k-325k 99 101 22 0.2 5.9
326k-350k 155 140 28 0.2 6.6
351k-375k 116 94 15 0.1 7.4
376k-400k 109 86 14 0.1 7.6
401k-425k 61 55 8 0.2 6.7
426k-450k 52 37 3 0.1 8.4
451k-475k 34 23 1 0.1 8.9
476k-500k 35 21 0.1 10
501k-550k 24 19 4 0.1 7.6
551k-600k 24 12 3 0.1 12
601k-650k 11 8 3 0.1 8.3
651k-700k 8 7 1 0.1 6.9
701k-750k 9 1 0 54
751k-800k 12 4 2 0.1 18
801k-850k 2 1 0.1 12
851k-900k 3 1 0.1 18
901k-950k 1 2 0.3 3
951k-1m 1 0

Townhouses 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
226k-250k 4 4 2 0.2 6
251k-275k 2 3 1 0.3 4

Condos 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
201k-225k 1 2 0.3 3
226k-250k 6 1 0 36
251k-275k 4 5 1 0.2 4.8
276k-300k 2 0
351k-375k 1 0

Land 1% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
-24,000-0 1 0
1k-25k 885 438 67 0.1 12.1
26k-50k 841 70 7 0 72.1
51k-75k 111 8 2 0 83.3
76k-100k 23 3 1 0 46
101k-125k 8 3 0.1 16
126k-150k 6 0
176k-200k 2 1 0.1 12
201k-225k 1 1 0.2 6
226k-250k 2 1 0.1 12
251k-275k 3 0
276k-300k 2 1 0.1 12
351k-375k 2 0
376k-400k 3 0
401k-425k 3 0
426k-450k 2 0
451k-475k 3 0
476k-500k 1 0
501k-550k 1 0
551k-600k 2 0
751k-800k 1 0
951k-1m 2 0
1m-1.1m 1 0
1.1m-1.2m 2 0
1.3m-1.4m 1 0
1.6m-1.7m 2 0
2m-2.25m 1 0
2.75m-3m 1 0
3.5m-4m 1 0
10.01m-11m 1 0